WHEAT – Down 2 to 3 cents per bushel. Firm dollar weighs, as does position-squaring ahead of the release early on Tuesday of the USDA’s November crop production and supply/demand reports. * USDA seen raising U.S. wheat stocks by 2 million bushels. * Dry weather is stressing development of the hard red winter wheat crop… read more
Tag Archives: Trading News
Pre Crop Report News -Futures Broker
Buyers and sellers of U.S. cash grain were moving cautiously to start the trading week, ahead of an important government crop report slated for release on Tuesday. “The primary objective of today’s session will be positioning for tomorrow’s monthly [USDA] supply and demand report,” said Iowa commodity trade advisor Karl Setzer. “Most analysts are expecting… read more
Spread opportunity in Cotton! [chart]
The spread between December 2011 Cotton and March 2011 Cotton has widened to 35.00 plus…this spread usually trades between +5.00 / – 5.00. There could be a good spread trade opportunity to buy the December 2011 Cotton and sell the March 2011 Cotton as we look for the spread to begin to narrow. Call your… read more
Nonfarm Payrolls – 11/5/2010: Futures News
Nonfarm payrolls rise 151,000 in October * Private employment jumps 159,000 * Unemployment rate steady at 9.6 percent * Average workweek rises to 34.3 hours from 34.2 hours By Lucia Mutikani WASHINGTON, Nov 5 (Reuters) – U.S. employment increased more than expected last month as private companies hired workers at the fastest pace since April,… read more
Grains Opening Calls and News /Futures Broker
WHEAT – Up 10 to 15 cents per bushel. Boosted by falling dollar after U.S. Fed decided to buy bonds in a risky move to boost the struggling U.S. economy. Dry weather in the U.S. Plains HRW wheat region also supportive. * Showers in the U.S. Delta will buoy winter wheat prospects but more rain… read more
Five reports to watch this week: 11/1/2010 – 11/5/2010
• Fed decision: In what will likely be an event covered in financial history books for decades to come, Fed Chief Ben Bernanke and his fellow committee members will announce the latest interest rate policy on Wednesday (2:15 p.m.). No one expects the rate to change from nearly zero, but nearly everyone expects a clear… read more
Grain News and Opening Calls – Futures Broker
WHEAT – Up 3 to 5 cents per bushel. Weak dollar, dry weather in U.S. winter wheat region and in west Australia wheat-growing area combine to lift wheat futures. * Dry weather is boosting final seedings of the 2011 U.S. winter wheat crop in the U.S. Plains but rainfall is needed, especially in western Kansas… read more
Grain Calls and News -Futures Broker
WHEAT – Down 3 to 5 cents per bushel. End-of-month and end-of-week profit-taking lending pressure in addition to weight from a firm dollar. * Dry weather is a concern in the U.S. Plains winter wheat growing region, especially in western Kansas and Colorado. It appears that a dry pattern has become firmly entrenched in the… read more
Currencies News / Futures Broker
Currencies news – Daily Report: Yen Up Mildly, Dollar Steady ahead of US GDP Yen strengthen broadly today as risk sentiments are hit by disappointing production data from Japan and Korea. Asian equities are broadly lower also as investors lighten their positions ahead of Q3 GDP data from US today as well as a line… read more
Cotton News – Future Broker
Cotton news – 0925 EDT [Dow Jones] – Cotton futures rebound early Friday, supported by supply concerns amidst continued high demand. Prices fell yesterday following a nearly 50% reduction in weekly U.S. export sales from the previous week, a sign that high prices forced mills to slow their purchases. But analysts say despite the drop,… read more